E 3 Marijuana Stocks That Benefit From A Florida Judge's Recent Ruling

With over 100,000 patients, Florida's medical marijuana program is proving to be one of the larger markets in the United States. One of the biggest hurdles to patient accessibility however was the fact that medical marijuana usage was limited to just vaping, edibles, oils, sprays and tinctures. 

Thanks to Leon County circuit court Judge Karen Gievers, that's all about to change. Last Tuesday, she upheld her decision from May 25th that the Florida's rule banning smokeable cannabis is unconstitutional. This is the first domino in what will be a long process to determine the rules for rolling out smokeable marijuana products.

Out of hundreds of publicly-traded marijuana stocks, there's three in particular that stand to gain from this change given the fact that they own licenses down in the Sunshine State. 

In alphabetical order, here's 3 cannabis companies that could gain tremendously from the ban on smokeable medical marijuana being lifted in Florida:

iAnthus Capital Holdings, Inc. (CSE:IAN) (ITHUF)

iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout the United States. With a sizeable portion of the company's recent $50 million USD investment from Gotham Green Partners going towards operations in Florida, the company is clearly focused on gaining market share in the state. 

iAnthus' 100% owned subsidiary, GrowHealthy Holdings, LLC became licensed on July 5, 2017 to cultivate, process, transport, and dispense full-strength medical cannabis as one of only thirteen Medical Marijuana Treatment Centers under Florida's Medical Use of Marijuana Act passed in June 2017.

GrowHealthy's cannabis cultivation has already commenced with phase one of its 200,000 square foot indoor cultivation facility. With thousands of plants under cultivation, plant and inventory alone is valued in the millions.  

They currently offer vape cartridges, tinctures, and oral dispensing syringes to patients via its delivery program, but expect to open dispensaries in West Palm Beach, Tampa and Orlando, beginning in Q3 2018. This will help the company carve out territory in three of Florida’s largest metro areas.

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Weed Investor 1 year ago Member's comment

This is good news!